New Delhi: Developing economies need to do more domestically to raise financing and deepen domestic capital markets to participate and invest in climate action, said International Monetary Fund managing director Kristalina Georgieva in an interview held during the climate summit in Dubai. As part of the plan, the IMF will start a new programme with the World Bank on tax, …
In the absence of a price for the use of natural resources such as air and forests, environmental destruction has been part of every country’s recipe for boosting GDP growth. A key dynamic is that carbon pricing, by signalling a price for cleaner air, makes investment in renewable energy such as solar and wind, which has huge prospects in India, …
The price of Australian carbon credit units has more than doubled this year, with the spot price reaching a record high of $36.50 this week. One carbon credit represents one tonne of carbon dioxide equivalent greenhouse gas emissions stored or avoided One carbon credit represents one tonne of carbon dioxide equivalent greenhouse gas emissions stored or avoided The voluntary market …
